Ways to Improve Customer Invoices
To many people, paperwork is regarded as a tedious and boring task that sucks up your time and drains you of energy and joy. Unfortunately for business owners, paperwork is also necessary to keep a business up and running. Running a successful business may require many different types of paperwork, but one of the most important paperwork processes is billing customers.
Without a stream-lined and accurate billing system, a business might see major delays in payment. And without that money coming into their cash flow, they may find themselves unable to continue operating.
Although preparing invoices for your customers is not the most fun task, it is a necessary one. Avoiding these 15 mistakes can help you ensure you stay in business for a long time to come.
1. Get a signed contract
Gone are the old days where a handshake and a promise were enough to ensure you’d get paid for your work. If you want to prevent your business from getting stiffed by a customer, get a signed contract from each and every one of them.
Not having a contract can result in miscommunication between you and your customers and possibly even an unpaid bill, which could cost you hundreds or even thousands of dollars. In order to protect both your business and your customers, create contracts, get them signed and file them in an organized, easy-to-manage way.
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